US derivatives earnings hit record $4.85bn

By

Natasha de Terán

January 3, 2006 5:00 pm GMT

Revenues from trading derivatives and cash instruments at US commercial banks rose to a record $4.85bn (€4bn) in the three months to the end of last September, according to the latest figures from the Comptroller of the Currency.

The figure compares with $1.96bn during the three months to the end of June. The report said derivatives held by US commercial banks also rose to a new record of $98.8 trillion.